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Ethereum is maintaining solid ground above its 50-day moving average, trading around $3,030. This represents a meaningful development for the broader market sentiment.
What's catching traders' attention: ETH has reclaimed the 50 DMA and is holding firm. The higher lows pattern remains intact. Most importantly, momentum is recovering after that recent pullback, signaling stabilization in the price action.
As long as the 50 DMA support holds, the technical setup leans bullish-to-neutral. Watch this level closely—it's been the key battleground for sentiment shifts.